| Nevertheless, it is relatively straight forward to show how a newly demerged organisation can benefit from enhanced cash flow. |
| Swindon-based Smiths News, which was demerged from retailer WHSmith in 2006, said the deal will help it expand beyond newspapers and magazines, which have seen sales decline. |
| In June 1993 Imperial Chemical Industries demerged its pharmaceuticals and agrochemicals businesses, forming Zeneca Group plc. |
| The firm said that it was not interested in continuing as a shareholder if the services division, with which it has synergy, is demerged from the company. |
| But in the wake of global collapse in silicon chip prices, the business was demerged earlier this year. |
| The last stage of its exit from the old business will be complete once its pubs and bars are demerged. |
